Founder Control

A VC: Musings of a VC in NYC

As I said in this post , I am generally a “one share one vote proponent”, but I have supported founder control provisions in a few companies where I was or am on the board. The founder had a 10:1 supervoting provision and controlled a majority of the board seats. But I can only imagine that WeWork was running out of cash and needed funds from its existing investors and the founder had to cede all of that to keep the company afloat.

Six Reasons We Love Investing in Founders in Small Cities


Here’s the thing, though: We know that an uneven amount of dollars go to founders in major tech hubs—the Londons and San Franciscos of the world. And, three years into running our fund at GAN Ventures, with over 25 investments (almost exclusively in founders operating in cities like the ones I just mentioned), we’ve seen investment markups on a full third of our portfolio. Most founders in smaller cities are already leaders in their communities. (It’s

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The Moments that Define Investor and Founder Relationships

This is going to be BIG.

In almost every single investment I’ve ever made, I can think of a singular moment in my relationship with a founder that, no matter what came before or what might come after, defined our relationship. Often times, it came in a very vulnerable and down moment for the founder—perhaps they just lost out on a big opportunity, had someone from the team leave, or they’re running low on capital before sales have come around.

Calling All Founders

A VC: Musings of a VC in NYC

In this program, founders are connected to the CIOs of the top banks, brokerages, and insurance companies in NYC as they work on their products and pitches. And then there is the newest one, the Transit Tech Accelerator , where founders who are building transit companies are connected to the leading transit systems in the NY Metro area while they work on their products and pitches. NYC’s Partnership runs some outstanding accelerator programs.

Why We Invest in Authentic Founders


When GAN Ventures considers whether to invest in a startup, we look for four primary things: Authentic founders: Founders that know their own strengths and weaknesses and aren’t afraid to ask for help. Passionate founders: Founders that joyfully know more about their market than most people would think is normal to know about anything. Authentic founders communicate what’s going on with themselves.

Social Media and Thought Leadership for Founders

This is going to be BIG.

Just the immediate priorities seem to take up more than one person’s potential working hours—so it’s no surprise that when it comes to something like social media, many founders have trouble making it a priority. The consequences of failing to position a founder’s profile aren’t always obvious—and it’s usually all about missed opportunities. Some founders get more press, get speaking opportunities or have an easier time fundraising thanks to leads that started with social media.

Founders from Warby Parker, Plated, and The Muse to Speak at LaunchPad Propel


Leading Student Entrepreneurs to Pitch and Meet Founder Mentors at 3rd Annual Blackstone LaunchPad powered by Techstars Convening.

Intern #1 to YC Founder: An Interview with Jack Forbes of Faros (YC W19)

Y Combinator

He shares his experiences moonlighting as an intern at HigherMe (YC W15), playing soccer with YC founders & partners, and what drove him to start a YC company — even after being rejected. I remember John [founder of Boosted] came by and let us try out new prototypes of his board.

Inside Batch 25 at 500 Startups


All Founders 500 Accelerator 500 startups accelerator Accelerator accelerator program accelerators founders start up accelerator startup accelerator startup foundersGuest Post: Rishika Jhamb is the Marketing Lead at Alluva.

The Bad Advice Diverse Founders are Given Around Fundraising

This is going to be BIG.

Yesterday, I met with a founder with an interesting model who was raising $400k to bring the finishing touches to her product to make it customer-ready. In fact, the only founder I've ever seen completely run the table for a multi-million dollar seed round based off of a Powerpoint is Chantel Waterbury of chloe + isabel. This blog post is not about debating if "enough" diverse founders get funding--whatever that might mean.

advice 329

You Don't Need a Co-Founder

This is going to be BIG.

I've heard a lot of VCs tell founders they need co-founders--and that they wouldn't look at a business at a very early stage without a co-founder. A lot of accelerators treat solo founders the same way--making it an implied requirement to participate. I don't think you can get into YC with this kind of "Godfather"-type co-founder as your partner if they're not going to be there day in and day out. but you do need a team.

Ready to scale in Southeast Asia? Start in Singapore.


All Founders International global launch international founders singapore singapore founders Southeast Asia southeast asia startups southeast asia venture capitalWhile people may think of Singapore as a top startup city, what they may not realize is that this city-state potentially has quite a bit more to offer as a local hub when looking to scale throughout the region.

Will WeWork finally put our image of a "backable" founder to rest?

This is going to be BIG.

There are some founders who see predictions about the future as a kind of promise—and so they hesitate and get uncomfortable around the idea of insisting that X, Y, or Z will happen. It’s a more complete answer in the mind of an operationally focused founder. that same founder will give the most unequivocal, most confident “Yes!” Those founders tend to be terrific to work with on the operational side.

The Perils of Founder Fighting

Both Sides of the Table

Nowhere is the politics more difficult than with co-founders, which is why for years I’ve spoken publicly about “ the co-founder mythology.” ” Of course we all go into businesses expecting to be aligned with our co-founders but over time life changes.

Funding Demystified! Free Course Offers Founders a Guide to Raising Capital


Techstars co-founder Brad Feld and Techstars mentor Jason Mendelson—both renowned venture capitalists, partners at the Foundry Group, and authors of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist —are again giving their FREE online course Venture Deals.

Why Female Founder Office Hours is So Important

Both Sides of the Table

If you haven’t yet heard about Female Founder Office Hours it is an initiative you should be aware of whether you’re male, female or any other gender identify. Take Action You’ll see from the website that Female Founder Office Hours have several dates set.

Vikrum Nijjar: Engineer #1 at Firebase and Founder of Gold Fig Labs (YC S19)

Y Combinator

James and Andrew [the co-founders of Firebase] really treated me like a peer. When I started, it was just me and the founders and they were going through the S11 batch. One of the founders put a description on HackerNews and then tweeted it.

Inside 500: How Their Accelerator Helped Me Grow My Accounting-as-a-Service Company and Raise $2 Million


Felix Rodriguez is the founder and CEO of Back Office, a human-assisted AI platform and bookkeeping service for companies and consultants. I believe founders have superpowers. Founders Tips and Trends 500 Accelerator 500 startups accelerator 500 startups demo day Accelerator accelerator program founders seed accelerator start up accelerator startup accelerator startup founders

Female Founders: What the numbers mean and what they don't

This is going to be BIG.

The funny thing about stats is that you can basically come up with a stat to justify any argument or position--and the whole female founders in tech conversation has a ton of numbers that people put out there as various types of proof and justification, or blame. I tend not to back the type of founder who thinks that code and design alone breaks down all industry barriers--which means that the average age of the founders I''ve seeded has been around 33.

How Startup Founders Can Better Manage Their Time


As we tell our founders at 1000 Angels , the private investor network that connects startups with investors, time management is an important component of any business, but when it comes to launching a startup it is even more critical. Founder WisdomBy Michael Whitehouse.

After the Exit: What’s Next for SendGrid Founder Isaac Saldana?


Ever wondered what a startup founder does after their company is acquired for billions of dollars ? Isaac Saldana, Co-founder of SendGrid—which was acquired by Twilio for $3 billion in an all-stock deal in October 2018—isn’t lounging on a beach.

Founder’s Stock Is Gold, If You Know The Rules


In reality, so-called “Founder’s” shares are simply common stock, issued at the time of startup incorporation, for a very low price, and normally allocated to the multiple initial players commensurate with their investment or role. Invested Interests entrepreneur founders stock startup

How to Craft an Exceptional Update About Your Startup


Each week, I receive dozens of updates from startups—everything from founders I’ve just chatted with briefly, to founders I’ve mentored, to companies that have asked GAN Ventures for funding. GAN Startups founder wellness founders investing startups updates

How International Founders Can Raise US Financing

Startup Grind

When I was a Y Combinator partner, I noticed that more and more of the batches were companies started by international founders. International founders typically have some combination of these three reasons: a) Access to capital The number one answer is access to capital.

Founders. Run. Amok. It Starts With a Term Sheet.

This is going to be BIG.

It was a company whose product I believed in and whose founder I liked, but a firm lobbed in a term sheet at a price 33% higher than what I had offered using a very light agreement meant for a much earlier stage company. Then, I read about the idiotic comments made by a co-founder of Rap Genius. Founders. Founders. They got that way due in large part to a very public founder friendly stance. I treat all my founders equally.

Welcoming MDmetrix to the Founders’ Co-op family

Founders Coop

The U.S. spends about twice what other high-income nations do on health care, but with results that are often worse than those countries achieve at much lower cost. In 2009, in a national effort to improve quality and lower costs, the Federal government launched a huge incentive program to drive the adoption of Electronic Medical Records (EMRs), spending an estimated $40 billion over the past decade to implement this data-gathering technology in hospitals across the country.

Linear Health Sciences founder ‘living his dream’

Innovation 2 Enterprise

By Scott Meacham. Copyright © 2019, The Oklahoman. During one of the earliest conversations I had with Dr. Ryan Dennis, CEO of Linear Health Sciences, he told me that he was living his dream. I wanted to know more about that. Is it the dream of a curious young boy who grew up in a small Oklahoma town with just 18 other students in his class — a boy who knew when he was in the seventh grade that he wanted to be a doctor?

Why I Look for Obsessive and Competitive Founders

Both Sides of the Table

This blog started from a series of conversations I found myself having over and over again with founders and eventually decided I should just start writing them.It The founders of DropBox, Airbnb, Uber – you name it. Obsession. The drive to succeed at all costs.

Why Founders are Wrong, Even When They're Right

This is going to be BIG.

Oh, and make someone from your 25 person Moldova tech team your co-founder. Don't forget to tell all your founder friends about our ultra-pre-pre-seed program. It doesn't pay to look at it any other way--and I think too many founders focus on the investor as the problem versus their pitch or their company. Here are a few ways founders can improve their chances with an investor: 1) Make sure you actually have a viable startup idea, *before* you pitch.

Female Founders Office Hours and Happy Hour – July 26

Y Combinator

We’re hosting group office hours and a happy hour for female founders on Friday, July 26 at the YC office in Mountain View, California. These discussions will be led by a YC partner and you’ll be joined by founders from 4-5 other companies. Female Founders YC News FeatureIf you’re in the early stages of building a company we’d love to meet you — anyone from idea stage through Series A is welcome to join.

Welcoming Ally to the Founders’ Co-op Family

Founders Coop

But like it says in our name, we invest in founders first and businesses second. We didn’t chose to partner with Ally founder Vetri Vellore just because of the amazing business he’s built, but also because of the passion and thoughtfulness with which he is building it. Welcome Vetri, to the Founders’ Co-op family!

Techstars Includes Diverse LEADers: Carrie Shuler, Creator, Communicator, Fighter, Founder


I am currently the Co-Founder at Stark Mobility (8.1k Don‘t jump the gun with co-founders. Diversity Stronger Together Diverse LEADers diversity Techstars Includes Women Founders

This Article About Andy Dunn and Bonobos is the Blueprint for Founder Storytelling

This is going to be BIG.

The Coveteur article featuring Andy and Bonobos encapsulated exactly how a founder worth writing about will act: ".He 4) Thank Andy Dunn for showing us the way to be one of the best storytelling founders ever. And it’s true: [FOUNDER] is wildly successful. The thing is, all [NAME WHAT'S MAYBE A BIT PLAYED OUT ABOUT YOUR COMPANY OR SECTOR] ribbing aside for a second, talking to [FOUNDER] about [COMPANY NAME] and how it revolutionized [YOUR SECTOR] is fascinating.

Pitch Decks and Fundraising: A Fireside Chat with the Founder of Slidebean

Dream It

To celebrate their success, we collaborated with Slidebean to host a Fireside Chat in New York City on October 10th featuring Caya, founder of Slidebean, and Steve Barsh, Managing Partner at Dreamit. Caya: 2x startup founder.

Faulty Logic in the Venture Capital and Female Founder Discussion

This is going to be BIG.

There are studies that suggest that there are lots of perfectly fantastic female owned business that are undercapitalized because the founders aren''t seeking it--perhaps they believe the system won''t support it, perhaps it relates to perceptions of risk. Right this very moment, I''m in the process of leading investments in two companies where I had to convince a team with a female founder to take capital. Let''s get one thing straight.

Give First Wherever You Go: One Founder’s Journey from Mexico to Detroit


René Pons, co-founder of PPAP Manager, has founded a company in Mexico, run Techstars Startup Weekends across Central America, and gotten into Techstars Detroit. ” —René Pons, Founder of PPAP Manager. Rene Pons, Founder of PPAP Manager.

When Should Technical Founders Become CEO?

Both Sides of the Table

Much has been written about when it is time to hire a “professional CEO” to run a startup company and of course that has long been a norm in Silicon Valley when founders find that their inexperience may be a limiting factor in company growth ( know as the Peter Principle ). In more recent times we have seen people like Matt Mullenweg – the founder of WordPress – step back into the company’s CEO role after 8 years.

Startup Founders Should Flip Burgers

Both Sides of the Table

I did almost every VC meeting myself save for when one of my co-founders, Tim Barker, was in town. This is part of my ongoing series Startup Advice. This is a story of one of the risks of venture capital.

Tips For An Effective Co-Founder Relationship


By Tim Houghten What really makes for an effective, and lasting co-founder relationship? Is the magical pixie dust that gives co-founder relationships wings really all about eHarmony style data matching? So leverage platforms for spotting and connecting with potential co-founders.

The Biggest Mistakes First-Time Founders Make

Y Combinator

Y Combinator CEO and Partner Michael Seibel on the biggest mistakes first-time founders make. Topics. 00:10 – Solving a problem you don’t care about. 1:00 – Helping users you don’t care about. 1:40 – Choosing cofounders you don’t know well. 2:20 – Not having transparent conversations with your cofounder. 3:20 – Not launching. 4:45 – Not using analytics. 5:02 – Not knowing where your first users will come from.

The Future of Startup Ecosystems Across the Globe


The idea of being a founder has never been so popular around the world, so how is that going to change industries and entire regions?

Founders, Ownership and Prenuptials

Both Sides of the Table

Yesterday I wrote a blog post ( here ) in which I urged people to not have too many founders. These situations are only compounded if you have 3 or more founders. I know that many people reading this will be in companies with 3+ founders and aren’t having any friction. They agreed to all be co-founders. But I still think it’s right for many a founder / entrepreneur. This is part of my ongoing series, “ Startup Lessons.&#.

One Decade In, Saying Hello to the Next One: Announcing Founders’ Co-op IV

Founders Coop

In early 2008 we announced the formation of Founders’ Co-op. million it wasn’t much of one, just some of our own money and some from a few local friends who knew how hard it was to be a founder up in this remote corner of the world. The only kinds of founders who start companies in the teeth of a recession are the ones who can’t imagine doing anything else. million, to lean into our strategy of being first to support the most promising founders here in the Pacific Northwest.